ACTIVE

ELCUBI

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Financial year 2025 · closed on 31/12/2025

Net result

81,1 k €

-41.0% YoY

Gross margin

439,8 k €

-15.7% YoY

Equity

918,3 k €

-13.6% YoY

Workforce

4,0 ETP

-7.0% YoY

What does ELCUBI do?

ELCUBI is a Private limited company incorporated in 2010. Its registered office is in Lommel. It employs on average 4,0 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0824.612.044

Incorporation

01/04/2010

Legal form

Private limited company

Registered office

Rietkolk 14
3920 Lommel · FlandreSee on map

Contributed capital

6 200,00 €

Latest accounts

31/12/2025

Average workforce

4,0 ETP

Joint committees (3)

149
14901
201

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts

View the BCE/KBO Public Search record →

Health score

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✦ Verdict · Analyst summary

Financials

Trend over 14 financial years

	2025		2024		2023		2022		2021		2019		2018		2017		2016		2015		2014		2013		2012		2011
Income statement
Gross margin	439,8 k €	-15.7%	521,8 k €	-23.0%	677,4 k €	+61.0%	420,7 k €	-35.4%	651,3 k €	+40.6%	463,2 k €	+75.0%	264,7 k €	-24.5%	350,6 k €	+79.1%	195,8 k €	+22.8%	159,4 k €	+121%	72 k €	+173%	-99,2 k €	-183%	120,1 k €	-76.8%	516,7 k €
EBITDA	147,6 k €	-38.9%	241,5 k €	-29.9%	344,5 k €	+85.0%	186,2 k €	-52.3%	390 k €	+67.9%	232,4 k €	+184%	81,7 k €	-51.1%	167,1 k €	+128%	73,5 k €	-25.4%	98,5 k €	+94.3%	50,7 k €	+145%	-113,9 k €	-425%	35 k €	-92.9%	490,4 k €
Operating result	92,3 k €	-53.6%	198,9 k €	-30.7%	286,8 k €	+117%	132,4 k €	-62.0%	348,9 k €	+68.8%	206,7 k €	+178%	74,2 k €	-53.2%	158,5 k €	+145%	64,6 k €	-23.3%	84,3 k €	+90.4%	44,3 k €	+136%	-122,5 k €	-571%	26 k €	-94.5%	474,9 k €
Net result	81,1 k €	-41.0%	137,4 k €	-31.3%	200 k €	+116%	92,4 k €	-61.8%	242,2 k €	+71.4%	141,3 k €	+194%	48 k €	-55.7%	108,4 k €	+154%	42,6 k €	-38.7%	69,6 k €	+68.5%	41,3 k €	+135%	-119 k €	-1150%	11,3 k €	-96.3%	305,7 k €
Balance sheet
Equity	918,3 k €	-13.6%	1,1 M €	-0.4%	1,1 M €	+16.6%	915 k €	+11.2%	822,6 k €	+124%	366,6 k €	+62.7%	225,4 k €	-37.0%	357,5 k €	+43.5%	249,1 k €	+20.6%	206,5 k €	+50.8%	136,9 k €	+43.2%	95,6 k €	-59.2%	234,6 k €	-24.8%	311,9 k €
Total assets	1,4 M €	-8.0%	1,6 M €	-1.1%	1,6 M €	+36.8%	1,1 M €	-3.8%	1,2 M €	+69.6%	704,4 k €	+55.3%	453,6 k €	+1.2%	448,3 k €	+17.9%	380,1 k €	+6.9%	355,6 k €	+64.9%	215,6 k €	+12.9%	191 k €	-45.4%	349,8 k €	-52.2%	731,2 k €
Cash	365,7 k €	-34.9%	561,4 k €	+92.2%	292,2 k €	+38.2%	211,3 k €	-42.6%	368,4 k €	+13.1%	325,8 k €	+104%	159,8 k €	-37.4%	255,3 k €	+17.7%	216,8 k €	+189%	75 k €	+10.3%	68 k €	-3.6%	70,6 k €	+22.3%	57,7 k €	-87.8%	473,2 k €
Debts	507,5 k €	+11.9%	453,5 k €	+1.6%	446,5 k €	+96.1%	227,8 k €	-36.2%	357,1 k €	+9.8%	325,4 k €	+42.6%	228,2 k €	+151%	90,8 k €	-30.1%	129,8 k €	-8.8%	142,4 k €	+92.6%	73,9 k €	-19.4%	91,7 k €	-12.8%	105,2 k €	-63.9%	291,7 k €
Other
Workforce	4,0 ETP	-7.0%	4,3 ETP	-15.7%	5,1 ETP	+30.8%	3,9 ETP	-20.4%	4,9 ETP	+14.0%	4,3 ETP	0.0%	4,3 ETP	+10.3%	3,9 ETP	+39.3%	2,8 ETP	+180%	1,0 ETP	+233%	0,3 ETP	0.0%	0,3 ETP	-72.7%	1,1 ETP	+450%	0,2 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 1 M€ and 2,5 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 1 active · 4 ended

Active mandates

Martijn Cuyvers

Director

Active

Ended mandates

Filip BIDDELOO

Manager · since 03 février 2011

Ended

Martijn CUYVERS

Manager · since 01 avril 2010

Ended

Filip Biddeloo

Manager

Ended

Martijn Cuyvers

Manager

Ended

At this address

Other companies at this address

Company	CBE no.
GECU FISCALE EENHEID● Active	0694.574.537
GECU Invest● Active	0680.821.917

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model
Start of the financial year	01/01/2025	01/01/2024	01/01/2023	01/01/2022	01/01/2021	01/01/2020
Closing of the financial year	31/12/2025	31/12/2024	31/12/2023	31/12/2022	31/12/2021	31/12/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	02/07/2026	02/07/2025	26/07/2024	24/07/2023	07/07/2022	26/07/2021
General meeting	30/06/2026	30/06/2025	29/06/2024	30/06/2023	30/06/2022	30/06/2021
Currency of the financial year	EUR	EUR	EUR	EUR	EUR	EUR
NBB quality label	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls

Ratios

Financial ratios

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Filings

Annual accounts filings

15 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2025	30/06/2026	02/07/2026	Dutch	PDF
Abridged model	31/12/2024	30/06/2025	02/07/2025	Dutch	PDF
Abridged model	31/12/2023	29/06/2024	26/07/2024	Dutch	PDF
Abridged model	31/12/2022	30/06/2023	24/07/2023	Dutch	PDF
Abridged model	31/12/2021	30/06/2022	07/07/2022	Dutch	PDF
Abridged model	31/12/2020	30/06/2021	26/07/2021	Dutch	PDF
Abridged model	31/12/2019	30/06/2020	28/07/2020	Dutch	PDF
Abridged model	31/12/2018	28/06/2019	24/07/2019	Dutch	PDF
Abridged model	31/12/2017	30/06/2018	09/07/2018	Dutch	PDF
Abridged model	31/12/2016	30/06/2017	05/07/2017	Dutch	PDF
Abridged model	31/12/2015	30/06/2016	05/07/2016	Dutch	PDF
Abridged model	31/12/2014	30/06/2015	07/07/2015	Dutch	PDF
Abridged model	31/12/2013	31/07/2014	12/08/2014	Dutch	PDF
Abridged model	31/12/2012	05/07/2013	05/08/2013	Dutch	PDF
Abridged model	31/12/2011	15/06/2012	30/08/2012	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 1 M€ and 2,5 M€

The detail comes with the Business plan: low and high bounds, the valuation bridge for each financial year, transaction multiples by sector and size, group valuation and exports.

Discover the Business plan

Disclaimer

Indicative estimate based on public sector multiples and the filed annual accounts. It is neither a certified valuation nor financial or investment advice.

Governance

Board of directors

Seen on filing of 31/12/2025 · 1 active · 4 ended

Active mandates

Martijn Cuyvers

Director

Active

Ended mandates

Filip BIDDELOO

Manager · since 03 février 2011

Ended

Martijn CUYVERS

Manager · since 01 avril 2010

Ended

Filip Biddeloo

Manager

Ended

Martijn Cuyvers

Manager

Ended

Shareholders

Ownership and network

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Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates04/12/2023
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - WIJZIGING RECHTSVORM - DIVERSEN - DOEL - ONTSLAGEN - BENOEMINGEN
PDF
Registered office18/04/2019
MAATSCHAPPELIJKE ZETEL
PDF
Capital / shares30/01/2018
KAPITAAL - AANDELEN
PDF
Mandates25/01/2017
MAATSCHAPPELIJKE ZETEL - ONTSLAGEN - BENOEMINGEN
PDF
Capital / shares13/03/2014
KAPITAAL - AANDELEN
PDF
Mandates25/02/2011
BENAMING - ONTSLAGEN - BENOEMINGEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Other06/04/2010
RUBRIEK OPRICHTING (NIEUWE RECHTSPERSOON, OPENING BIJKANTOOR, ENZ...)
PDF

Source: Belgian Official Gazette

Competition

Similar companies

A company's peers, by sector and size, are included in the Business plan.

See the Business plan

2025
Annual accounts 202581,1 k €↓
2024
Annual accounts 2024137,4 k €↓
2023
Annual accounts 2023200 k €↑
2022
Annual accounts 202292,4 k €↓
2021
Annual accounts 2021242,2 k €↑
2019
Annual accounts 2019141,3 k €↑
2018
Annual accounts 201848 k €↓
2017
Annual accounts 2017108,4 k €↑
2016
Annual accounts 201642,6 k €↓
2015
Annual accounts 201569,6 k €↑
2014
Annual accounts 201441,3 k €↑
2013
Annual accounts 2013-119 k €↓
2012
Annual accounts 201211,3 k €↓
2011
Annual accounts 2011305,7 k €
01/04/2010
IncorporationPrivate limited company

10/15	1 240 000	1 180 000	1 050 000
70	8 630 000	8 120 000	7 940 000
9904	412 000	388 000	301 000
17/49	2 970 000	3 140 000	3 380 000
9087	24,3	23,1	21,8

ELCUBI

Overview

What does ELCUBI do?

Trend over 14 financial years

Indicative valuation

Board of directors

Other companies at this address

Financials

Full financial information

Financial ratios

Annual accounts filings

Valuation

Indicative valuation

Directors & structure

Board of directors

Ownership and network

Publications

Belgian Official Gazette publications

Similar companies

Similar companies

Timeline